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Nykaa Q2 results: Net profit jumps 50% to ₹7.8 crore, revenue up 22%

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The company's revenue from operations in came in at ₹1,507 crore, as compared to ₹1,231 crore recorded in the corresponding quarter of the previous fiscal.

FSN E-Commerce Ventures, the operator of online beauty and fashion retailer Nykaa, on November 6 reported a net profit of ₹7.8 crore in the second quarter of fiscal year 2023-24 (Q2FY24). This is 50 percent higher as compared to ₹5.2 crore clocked in the year-ago period.



Sequentially, the net profit increased by 44 percent from ₹5.4 crore reported in the first quarter of the current fiscal.

The company's revenue from operations in Q2FY24 came in at ₹1,507 crore, higher by 22 percent from ₹1,231 crore recorded in the corresponding quarter of the previous fiscal year.

Quarter-on-quarter, the revenue from operations was 6 percent as against ₹1,422 crore reported in Q1FY24.

The total expenses during the quarter under review also increases by 22 percent on-year, as it came in at ₹1,502 crore as compared to ₹1,228 crore in Q2FY23.

Nykaa's total income during the September 2023 quarter came in at ₹1,516 crore, higher by 22.5 percent as against ₹1,237 crore reported in the year-ago period.

The earnings before interest, taxes, depreciation and amortisation (EBITDA) margin “expanded to 5.4 percent for the quarter, a growth of 32 percent YoY on the back of both direct and indirect costs efficiencies", a press release stated.

Indian Stock Market Wrap Up For 06 Nov,2023:

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 Share Market Closing Note


Nifty above 19,400, Sensex up 595 pts; mid, smallcaps shine, PSU Banks drag:


Benchmark indices ended higher for the third consecutive session on November 6 with Nifty above 19,400.


At close, the Sensex was up 594.91 points or 0.92 percent at 64,958.69, and the Nifty was up 181.20 points or 0.94 percent at 19,411.80. About 2378 shares advanced, 1285 shares declined, and 164 shares unchanged.


Biggest gainers on the Nifty included, Divis Laboratories, Hero MotoCorp, Eicher Motors, Larsen & Toubro and Axis Bank, while losers were SBI, HUL, Tata Motors, Cipla and Titan Company.


Except PSU Bank (down 1 percent), all other sectoral indices ended in the green with pharma, capital goods, metal, oil & gas, power and realty up 1 percent each.


BSE Midcap and Smallcap indices rose 1 percent each.


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Topic :- Time:3.00 PM


Nifty spot if manages to hold above 19360 level on closing basis then expect some upmove in coming sessions and if it closes below above mentioned level then some sluggish moves can be seen. Avoid open short positions for tomorrow.


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Topic :- Time:2.30 PM


NATURALGAS Trading View:

NG is trading at 283. If it holds above 280 level then it is likely to test 288-289 levels quite soon and if it breaks and trade below 280 level then some decline can be seen in Naturalgas.


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Topic :- Time:2.15 PM


Just In:

Byjus in talks to sell US unit to Joffre Capital for $400m


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Topic :- Time:2.10 PM


Just In:

Odd-Even scheme in Delhi from November 13 to 20 to combat air pollution


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Topic :- Time:2.00 PM


Nifty is still trading in a very small range. Traders should wait and watch right now. Let some movement come before taking any big position. 


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Topic :- Time:1.45 PM


Just In:

Profit drops 29% on higher expenses, misses estimates.


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Topic :- Time:1.30 PM


GOLD Trading View:

GOLD is trading at 60830. If it manages to trade and sustain above 60865 level then expect some upmove in it and if it breaks and trade below 60780 level then some decline can be seen in the Gold.


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Topic :- Time:1.30 PM


GOLD Trading View:

GOLD is trading at 60830. If it manages to trade and sustain above 60865 level then expect some upmove in it and if it breaks and trade below 60780 level then some decline can be seen in the Gold.


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Topic :- Time:1.00 PM


After gap up opening nifty is once again trading in a very small range. Nifty spot if manages to trade and sustain above 19360-19380 levels then expect some upmove in the market and if it breaks and trade below 19320-19300 levels then some decline can follow in the Nifty.


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Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 711.40. If it breaks and trade below 710 level then some decline can be seen in the market however 708 holds the key support and if it manages to hold above 708 level then it is likely to head towards 716-718 levels quite soon. 


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Topic :- Time:12.00 PM


Nifty is rangebound now after gap up opening. Nifty spot if manages to trade and sustain above 19360 level then expect some upmove in the market and if it breaks and trade below 19320 level then some decline can be seen in the Nifty.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex up 300 pts; PB Fintech, Nykaa gain 4%, Zomato 2%

2. Adani group said to be in talks to exit FMCG joint venture with Wilmar

3. Oct auto retail sales dip 8% due to Shraddh period; Navratri sales up 18%

4. Zomatos second straight quarter of profit sees brokerages raise price targets

5. Cello World lists at Rs 831, over 28% premium to IPO price

6. Adani in talks with FMCG firms to sell its full 43.97% stake in Wilmar JV

7. L&T gains as arm to divest stake in subsidiary

8. The taxman wants to know if Indians are wearing an FPI mask

9. Zerodha demat A/Cs hit with another technical glitch

10. Protean eGov Tech IPO


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Topic :- Time:11.00 AM


After gap up opening nifty is still trading in green with good gains however nifty is losing some of its gains now. Nifty spot if manages to trade and sustain above 19360 level then expect some upmove and if it breaks and trade below 19320 level then some decline can be seen.


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Topic :- Nifty Opening Note


Indian Stock Market Trading View For 06 Nov,2023:


Nifty is likely to turn volatile as the day progresses. Global cues to dictate trend. Good stock specific action is expected through out the day.


Nifty spot if manages to trade and sustain above 19260 level then expect some upmove in it and if it breaks and trade below 19180 level then some decline can be seen in the market. Please note this is just opening view and should not be considered as the view for the whole day.


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